Anil Singhvi’s Market Strategy December 14: IOC is Stock of the Day; Banks & NBFC sector is in focus

Benchmark indices, Sensex, Nifty 50 and Nifty Bank, on Thursday, December 13, 2018, logged gains for the third straight session of around half a per cent amid positive Asian share markets. Appreciation in rupee (-0.46%) and low crude prices at around 60$/barrel level encouraged the indices. 

On the day, the S&P BSE Sensex climbed 150.57 points (0.42%) to close at 35,929.64 while Nifty 50 closed at 10,791.55 after going up by 53.95 points (0.50%). Similarly, Nifty Bank also ended 172.50 points (0.65%) higher at 26,816.35. 

Indiabulls Housing Finance (5.41%), Grasim Industries (3.24%) and Bajaj Finserv (3.18%) were the top gainers of the day while Yes Bank, which was down by 6.32%, was the biggest loser of the day. 

Amid Negative global market, neutral domestic institutional investors (DIIs) and future and option (F&O) and positive foreign institutional investors (FIIs) and sentiment cues the short-term trend of the Indian market will be positive on Friday, December 14, 2018. 

Zee Business's Managing Editor Anil Singhvi's Market Strategy for December 14: 
• 10,750 and 26,750 are going to be the deciding levels on Nifty and Bank Nifty. 
• The small trading range on Nifty stands at the mark of 10,750-10,825 while the medium and extreme ranges lie between 10,700-10,875 and 10,650-10,925 respectively. 
• In the case of the Bank Nifty, the small trading range stands at 26,700-26,850 while the medium and extreme ranges lie between 26,600-26,950 and 26,500-27,050 respectively. 
• Profit booking zone on the two indices, Nifty and Bank Nifty, stands at 10,850-10,925 and 26,950-27,050. 
• Intraday support zone on the two indices resides at the mark of 10,675-10,725 and 25,500-25,600. 
• Traders are advised to reduce their buying positions if the Nifty and Bank Nifty closes below the mark of 10,675 and 26,500.

Buy and Sell strategy on Nifty
Sell Nifty with a stop loss of 10,850 and target of 10,725, 10,700 and 10,675. 
Buy Nifty in the range of 10,675-10,700 with a stop loss of 10,650 and target of 10,725, 10,750, 10,800. 

Buy and Sell strategy on Bank Nifty
Sell Bank Nifty with a stop loss of 26,950 and target of 26,700, 26,600, 26,500. 
Buy Bank Nifty in the range of 26,400-26,500 with a stop loss of 26,300 and target of 26,600, 26,700. 
2 stocks already in F&O ban: Adani Ent, Adani Power

Sectors in focus:
Banks, NBFC will be in focus due to RBI Board Meet.
Cement: GST council meeting on December 22, 2018. Don’t buy, book half profit on a gap up opening. 
The put-call ratio (PCR) stands at 1.51 and the volatility index (VIX) is 15.55.

Watch this Zee Business video

#NewsImpact | आज किन ख़बरों के चलते #IOC #MothersonSumi #Cement शेयर रहे सकते हैं फोकस में, पूजा त्रिपाठी से जानिए।@AnilSinghviZEE @poojat_0211 @deepaliranaa #stockstowatch #stocksinnews pic.twitter.com/1lJJGv2n2Q

— Zee Business (@ZeeBusiness) December 14, 2018

Stock of the Day:
Buy IOC CASH: Stop loss 136 and target 144, 145. Buyback at 149 and 6.75 dividends announced.